HUD Deal To Make Abandoned Buildings Livable Again

A new deal between the Department of Housing and Urban Development and with the City of New York could make hundreds of abandoned buildings habitable.

1 minute read

January 1, 2002, 5:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"The Department of Housing and Urban Development damaged several New York neighborhoods when it permitted scam artists to bilk the government out of federally secured mortgage and construction loans in the late 1990's. The scammers acquired more than 500 buildings with federal backing, then dumped them, leaving boarded-up and derelict homes in areas that were struggling to rebuild. Community leaders were worried that the problem might fester for years. But the Bush administration's housing secretary, Mel Martinez, has brokered a praiseworthy deal with City Hall that could soon make hundreds of abandoned buildings livable again."

Thanks to Abhijeet Chavan

FULL STORY: A Happy Outcome at HUD

Monday, December 31, 2001 in The New York Times

Housing New York

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